Offer is not transferable and not valid with internal transfers, accounts managed by TD Ameritrade Investment Management, LLC, TD Ameritrade Institutional accounts, and current TD Ameritrade accounts or with deview offers. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. When I called, IB insisted that this was an exchange requirement, and went into all kinds of explanation about how there is unlimited risk in buying a put on a future because of performance bond requirements. So, if you want peace of mind for just a few bucks more, don't go with IB Trading platform Extensive tools for advanced traders in the Trader Workstation platform. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts.
Following on from an earlier post, I wanted to do a more in depth review of Interactive Brokers. As I mentioned here I have been extremely happy with them since making trading times forex australian aborigines switch from TD Ameritrade. You should seriously consider switching to them, read on to find out why.
Interactive Brokers, or IB as they are commonly known, were one of the early players in the electronic trading sphere. They currently offer trading capabilities on just about any market with a very technically advanced trading platform known as the Trader Workstation. So far, I have only used the platform to trade stocks and options, so that will be the focus of this article. IB have really low commissions on stock and option trades. I have had some pretty bad experiences with other brokers in the past with opening or transferring account, but with IB it was a breeze.
All the forms can be filled in online and even signed by typing in your name. This was amazing as i really hate filling in pages and pages of documents which is usually what it takes. They are also one of the few brokers that allow residents of the Cayman Islands to open an account. Probably not that relevant for most people reading this, but yay for me!! There are a multitude of recorded webinars and each month there are around live webinars.
Property put option return IB you can trade stocks, options, forex, interactive brokers options trading review 45, futures, commodities, warrants, structured products and mutual funds from the one account. In total there are over 90 global markets you can trade. Thankfully, as mentioned above there are a lot of free tutorials and live webinars.
They do have a live chat support system, but occasionally it can take minutes for someone to join your chat and even then they may not be able to answer your question. When he moved me to the other room, the chat froze and I had to close it down. This has happened to me times. I guess this is the compromise you make for a low commission structure. This may prove to be restrictive for some people especially those just starting out. It has all the bells and whistles you need, but it is just not quite as slick as the charting packages offered on other platforms such as Think or Swim.
However, one great feature of the chart package is interactive brokers options trading review 45 you can place trades and set stop loss levels directly on the chart screen with 2 mouse clicks. These can be things such as order cancellation fees, but they do also charge for certain types of market data and news services. This is the main trading platform at Interactive Brokers, although they also have a slightly easier to use WebTrader platform.
You are able to place virtually every type of order through their software and their system is excellent at tracking trades in your portfolio. The main feature of the Trader Workstation is speed. You are also able to trade stocks, futures and options from the same platform. Value for money — 5 Stars. Platform usability — 4 Stars. Platform functionality — 5 Stars. Beginners may find it a little difficult, but given the amount of Webinars and the detailed help section on the website, you should be able to get the hang of it fairly quickly.
There is a lot of functionality that is not available on many of the mainstream brokers and the commissions structure is probably the best you will find. Overall, I highly recommend them. Wow, great info, very detailed. I had not heard of Interactive Brokers before. Would I have to sell all my positions? Ie an Iron Condor would not be subject to a cancellation fee. I actually found the commission to be on the high side, especially when you are taking liquidity.
I would use optionshouse or eoptions if you want to save on commissions. I tried a narrow butterfly trade on SPX with total of 40 contracts. Which means the fees comes to usd?? That commission seems much too high so there must be something else going on. Can you send me a screenshot of the trade log? All my withdrawal requests cancelled by broker. Stay away from that crap company! Comment Name Email Website. Interactive Brokers Review Part 2.
Read This Free Report. Volatility Trading Made Easy - Effective Strategies For Surviving Severe Market Swings. BlogTips for Beginners. June 13, at am Reply. May 29, at pm Reply. June 23, at pm Interactive brokers options trading review 45. December 18, at pm Reply. May 28, at pm Reply. Options Trading IQ says:. August 28, at am Reply.
Interactive Brokers Review - Honest Review of Interactive Brokers
Brokerage Reviews: TradeStation Vs. Interactive Brokers $0. 20, + Contracts. $ Data The minimum commission charged for trading any option. Interactive Brokers Review Part 2 This is the main trading platform at Interactive Brokers, I’ve verified Interactive Option broker terms of trading. Interactive Brokers Review. Interactive Brokers ’ trading technology is so good that you could actually get by as a professional day Options Contract.